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Get your taxes done using TurboTax
Why are you removing it? Did this occur in 2024 or 2025? Did you put it on your 2024 taxes? Whether or not it was taxable, it should still be reported, but it should be reported in the year that it happens.
What does the rent have to do with it? Rent is not a deductible expense for any personal reasons.
If you surrendered the property and are receiving a benefit from it (no more mortgage) then you would not remove it from your file unless you are reporting it on the wrong year.
If you are reporting it on the wrong years return, then you would go back to the spot where you entered it and then click the trash can to delete it or just remove all the entries.
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‎April 24, 2025
7:01 AM